Core Insights - State Street Corporation's institutional investor risk appetite indicator remained positive in September, marking five consecutive months of optimistic sentiment, with the latest value matching the 2025 high reached in July [1] - As of the end of September, long-term investors maintained their asset allocation in equities, fixed income, and cash, indicating that funds have not returned to long-duration bonds, with fixed income holdings significantly below long-term averages, suggesting a continued preference for high-risk assets among institutional investors [1] Group 1 - The foreign exchange market has seen significant dollar selling, with the reduction reaching the highest level since early 2021, as funds flow into carry trade currencies, with investors increasing their positions in high-risk commodity currencies like the Canadian dollar and Australian dollar [1] - In the equity market, North America remains the most favored region, with increased buying momentum in U.S. stocks pushing up positions, while buying in Asian emerging market stocks has slowed [1] - Demand for fixed income products is moderate, but emerging market bonds have regained popularity among investors [1]